Reported 3 days ago
Walgreens Boots Alliance has finalized a $10 billion deal with Sycamore Partners to take the drugstore chain private after four months of negotiations, marking nearly 100 years of public trading. The decision comes as the company faces challenges in the evolving retail pharmacy landscape, with increased online competition and declining market share. The acquisition will provide shareholders $11.45 per share in cash and includes various business segments, signaling a significant shift in Walgreens' operations.
Source: YAHOO